Saks Heads to Mexico
New York–based department-store retailer Saks Inc. announced plans to open a 150,000-square-foot Saks Fifth Avenue store in the Santa Fe Shopping Center, an upscale development in Mexico City. Similar to Saks Fifth Avenue stores in the United States, the Mexico City store will offer apparel and accessories from established and emerging American and international designers, as well as shoes, jewelry, fragrances and cosmetics, intimate apparel, bridal items, and gifts. Among the new store’s plans are in-store events including fashion shows and personal appearances by designers. The Santa Fe store is the first under a licensing deal struck with Operadora de Tiendas Internacionales, S. A. de C. V., a wholly owned affiliate of Grupo Sanborns, S. A. de C. V., which helped Saks locate and develop potential sites for new stores in Mexico and will own and operate the Saks stores in Mexico.
